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Crypto entrepreneur Hayden Davis has admitted in U.S. court filings that the LIBRA project is a memecoin without a formal business plan, denying it was an investment. The case involves $280 million in frozen assets linked to LIBRA. A hearing is scheduled for August 19 in New York to decide on the assets’ fate. This development follows large fund transfers to Kraken during a meeting with Argentine President Javier Milei.
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- Qadir AK
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 26, 2025 10:17 UTC
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$280 Million Frozen as Hayden Davis Denies LIBRA Was an Investment
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